JPMorgan Beats “Dampening Effect”

Today is Thursday, October 14, 2021.

JPMorgan Beats “Dampening Effect” With Good Earnings

Financial giant JPMorgan Chase & Co. (NYSE: JPM) posted its third-quarter earnings Wednesday, which were mostly positive, but shares still dropped 2.57%.

Data: JPMorgan reached earnings of $3.74 per share and revenue hit $30.4 billion, both were better than analyst projections.

The Good: Equities trading revenue topped $2.5 billion, a strong performance that was better than what was expected.

The Bad: The company’s fixed-income revenue decreased 20%, which hurt the overall earnings.

Quote: “JPMorgan Chase delivered strong results as the economy continues to show good growth - despite the dampening effect of the Delta variant and supply chain disruptions.” - Jamie Dimon, JPMorgan’s chairman and CEO.

Bigger Picture: Several other big banks are expected to report their earnings today. How will the other banks perform when compared to JPMorgan’s earnings?

Final Thoughts: JPMorgan recently increased its dividend yield.

Notables

Notable Earnings Today: Wells Fargo (NYSE: WFC), UnitedHealth Group (NYSE: UNH), Citigroup (NYSE: C), Bank of America (NYSE: BAC), Domino’s Pizza (NYSE: DPZ), Morgan Stanley (NYSE: MS), Taiwan Semiconductor (NYSE: TSM), U.S. Bancorp (NYSE: USB), Walgreens Boots Alliance (Nasdaq: WBA).

Notable IPOs Today: IHS Holding (NYSE: IHS), AEON Biopharman (Nasdaq: AEON), Gitlab (Nasdaq: GLTB), Tristar Acquisition I Corp. (NYSE: TRISU), Heartbeam, Inc. Warrant (Nasdaq: BEATW), Rose Hill Acquisition Corporation Unit (Nasdaq: ROSEU), Lucid Diagnostics Inc. Common Stock (Nasdaq: LUCD).

Notable Equity Crowdfunding Campaigns Ending Today: Eyedaptic (StartEngine), Mountain West Cider (StartEngine), Exist Tribe (Wefunder).

Notable Economic Events Today: Retail Sales (8:30 a.m. ET), Import Price Index (8:30 a.m. ET), Export Price Index (8:30 a.m. ET), Empire State Index (8:30 a.m. ET), Consumer Sentiment Index (10:00 a.m. ET).

Crowdstrike Surges With Good News

Shares of cybersecurity company Crowdstrike (Nasdaq: CRWD) jumped 7% Wednesday, a day after a series of new features and new partnerships were announced at the fifth annual Fal.Con cybersecurity conference.

Details: Crowdstrike revealed Tuesday that it is forming a new coalition with top security and IT companies, and it is releasing a new module that enhances the company’s endpoint detection and response capabilities.

Numbers: Shares of Crowdstrike are up nearly 35% this year.

The Good: Revenue in the most recent quarter reached $337 million, which represents a 70% increase.

The Bad: The company is still losing money. It lost $47 million during the most recent quarter. In the same quarter last year, the company posted a loss of $30 million.

Final Thoughts: Cybersecurity is a growing market, and Crowdstrike is a big part of it.

Invest in Energy Companies Through Equity Crowdfunding

In addition to energy companies on the public markets, investors can get exposure to private market energy companies via equity crowdfunding platforms.

Here's a list of energy startups that raised money on three major platforms.

Republic: Two energy companies recently closed funding on Republic. This includes Manta Biofuel, a renewable replacement biofuel developer, which raised $1.8 million in a campaign that ended in July. Emrod, which offers long-range wireless power transfer, raised $1 million in a campaign that ended last week.

SeedInvest: On SeedInvest, low-cost micro wind turbine developer Halo Energy previously bagged $786,000. Edisun Microgrids, another green energy company, got $1.9 million from investors.

StartEngine: There are two active campaigns in the energy sector on StartEngine. Pacific Integrated Energy, a low-cost solar provider, and Blue Sky Energy, which focuses on environmentally-friendly battery storage, are both running campaigns right now to raise money.

Final Thoughts: Investing in startups can be very rewarding, but also carries risks.

Trends to Watch

Deal That Will Blow You Away: Biden Administration Plans Wind Farms Along Nearly the Entire U.S. Coastline (The New York Times)

Rough Landing: Delta Air Lines posts profit but warns rising fuel prices will squeeze 4Q bottom line (CNBC)

Expensive Heat: U.S. households will pay more to heat their homes this winter, officials say (NPR)

Taper Time: Fed Worried About Inflation Risk as It Firmed Up Tapering Plan (Wall Street Journal)

USA, USA: U.S. becomes largest bitcoin mining center after China crackdown (Reuters)

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